Dogecoin DOGE/USD turns 9 years old today — that’s nearly 50 years when measured in Shiba Inu years.
The bellwether meme coin was introduced on Dec. 6, 2013, to the world by Billy Markus and Jackson Palmer as a satire on cryptocurrencies.
The coin has since gone on to attract a millions-strong community with celebrities and common folk alike gravitating towards it — pulled by the lure of its cute Shiba Inu mascot.
Elon Musk is a well-known DOGE bull but the cryptocurrency also counts Mark Cuban and Snoop Dogg among its fans.
See Also: How To Buy Dogecoin (DOGE)
The Investment: Dogecoin is today the eighth largest cryptocurrency and has in these nine years garnered a market cap of $13.4 billion.
If an investor decides to put $100 into Dogecoin on its birthday, here’s how much they’d have if the meme coin turns the clock back by a year to its last anniversary.
| Investment | Date Of Purchase/Listing | Purchase Amount | Purchase Price | Units/Shares Obtained | Worth If Doge Turns Back The Clock | Percentage Change |
|---|---|---|---|---|---|---|
| Dogecoin (DOGE) | Dec. 6, 2022 | $100 | $0.10 | 990.1 | $178.71 | 78.71% |
The hypothetical investment would have returned 78.71% and would be worth $178.71 if Dogecoin returns back to the levels it was at its previous anniversary.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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